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The aim of this paper was to look at General Motors' microenvironment in light of the crisis and establish if the media coverage of the crisis within the automobile industry is accurate. Sadly, the findings indicate that General Motors is indeed facing some of its most drastic challenges since its foundation.
The American automobile and engine manufacturer is facing reduced sales and a declining stock price, which generates a need to reduce costs. This has been attempted through the commencement of downsizing processes, but it is less likely that the current approach will suffice. What has to be noted however about General Motors is that their difficulties emerged before there was even talk about an economic recession. It is true that the financial crisis further deepened their problems, but it is not the primary cause. Otherwise put, General Motors began loosing its competitive edge in the 1980s, when it did not adjust to...
The micro-environmental analysis reveals a weak organization, highly dependent on the market characteristics and looking for salvation in the macroenvironment (namely the allocation of funds from the federal budget).
References
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February 26, 2009, General Motors Corporation, New York Times, http://topics.nytimes.com/topics/news/business/companies/general_motors_corporation/index.htmllastaccessed on March 3, 2009
General Motors 2007 Annual Report, Retrieved at http://www.gm.com/corporate/investor_information/stockholder_info/onMarch 3, 2009
2009, General Motors Corp., Reuters, http://www.reuters.com/finance/stocks/overview?symbol=GM.Nlastaccessed on March 3, 2009
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microeconomic analysis automobile industry. Eassy:Show favoritism Trade Income Give relationship trade income distribution countries car industry. Give findings suggestions. Project Plan -- Trade and Income In the era of globalization, countries strive to capitalize on the opening of boundaries by operating in other regions to benefit from their comparative advantage, but also by selling their products onto various global regions in order to enhance revenues. The economic role of exports is
The process would then need to continue so that the changes that can be seen in the environment can also affect the changes in entry strategies. Environmental factors, economic factors, political/legal factors, social/cultural factors and also technological factors should all be considered. The legal factors that need to be addressed include issues in employee law, monopolies and mergers legislation, environmental protection laws, and wider issues such as foreign trade regulations.
General Motors in China: Chinese Motor Vehicle Industry Structure: The motor vehicle industry in China had over 200 carmakers in 2004 with most of them being small Chinese firms. In addition to being small and domestic companies, the carmakers were solely owned by the Chinese government and had a market share of approximately 40%. As new joint venture firms emerged during this period, the Chinese government was reluctant to see its manufacturers
However, German producers expect the markets in other countries to become like theirs, but there is very little chance that this will ever happen, since the customers will not agree with the premium cars' high costs, and the demand for this kind of cars is likely to decrease. The German producers' orientation seems to be in disharmony with the customers' needs. For example, they develop fast and powerful vehicles that
Obama energy policy in relation to the economy of the United State of America's 21st century economy. It begins with a general description of the policies and then proceeds and outlines the various elements of the policy. After the analysis the paper then presents the criticisms that are waged against the policy. A conclusions and recommendations are then presented at the end of the paper. These are geared towards
The copyright is protected by federal law. The law may have different interpretations in different states, but the regulation is the same across country. The intellectual property is encouraged nationwide. 4.4. The 4Ps The 4Ps refer to the marketing mix: product, price, placement (location/distribution) and promotion. 4.4.1. Product Auto Hicksville has the core competencies embedded its crew to work on all models of domestic vehicles and a large number of foreign ones. Quick turnaround